SPI Futures traded in a 91 point range last night, with a high...

SPI Futures traded in a 91 point range last night, with a high of 5425, low of 5334, and a close this morning of 5348, down 48 points, on low volume of 8,594 contracts. A 51 point red arrow at 21:00 took her down, leaving gaps up at 5420, 5385, 5378 and 5366, and down at 5341 from last night.



ADP Private-sector jobs lost - companies shed 20.2 million jobs in April as many were forced to bunker down, during the shutdown to slow the coronavirus. According to ADP - 'Job losses of this scale are unprecedented. The total number of job losses for the month of April alone was more than double the total jobs lost during the Great Recession". On the subject of job losses, Airbnb, the short-term rental site that had planned to go public this year, said it will lay off around 25 pct of it's workforce, as the coronavirus pandemic disrupts the travel industry and threatens the company's core business. Lyft, the ride-hailing company, seen as a competitor to Uber, said it is reducing their workforce by 17 pct, after Uber said it was laying off 14 pct of their workforce. The 'gig economy', which is based on flexible, temporary, or freelance jobs, often involving connecting with clients or customers through an online platform, is forcast to lose 30 pct of revenue for the next one to two years, and a portion will never return as customer behaviors change. Get the gig ? US futures opened slightly in the green but are now red again whilst I was typing. VIX hanging around the 34 level, so not so bad at da moment. Have a nice day.

	Column 1	Column 2
0	mce-anchorH	5425
1	L	5334
2	C	5348
3	R	91
4	R6	5460
5	R5	5437
6	R4	5425
7	R3	5415
8	R2	5404
9	R1	5392
10	PP	5369
11	S1	5346
12	S2	5334
13	S3	5324
14	S4	5313
15	S5	5301
16	S6	5278